The term IoT sounds very business-like to me. Its meaning, Internet of Things, sounds like a satirical book written by a Daily Show alum. Nevertheless, IoT is an important development in the realm of business technology and now TELUS has brought the first IoT business to Canada with the TELUS IoT Marketplace. It’s purpose is to offer businesses quick IoT solutions in their time of need.

According to Shawn Sanderson, TELUS’ vice-president of Internet of Things (see, it sounds made up), IoT technology has the potential to make businesses more productive and profitable, but was a little tricky to roll out. The process has been slow and cautious, but they’ve selected what they consider to be the “most innovative IoT technology on the market” and created several ready-to-implement solutions for businesses to take advantage of.

The TELUS IoT Marketplace will feature 38 different IoT solutions at launch that cover a variety of industries including energy, retail, and commerce. TELUS is expecting IoT spending in Canada to reach $21 billion by the end of 2018.

via Mobile Syrup

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